BlackRock Moves $303M in Bitcoin to Coinbase Prime
Key receivers
BlackRock will transfer significant Bitcoin and Ethereum holdings to Coinbase Prime. The transfer includes 3,290 Bitcoin and 5,692 Ethereum.
Share this article
Asset management giant BlackRock has placed 3,290 Bitcoin at a value of $303 million and 5,692 Ethereum at a value of approximately $18 million to Coinbase Prime today, according to Arkham Intelligence data.
BlackRock manages investment products, including spot bitcoin and ethereum ETFs, that have seen heavy outflows amid mixed market sentiment in recent weeks.
BlackRock's Bitcoin ETF (IBIT) saw nearly $71 million in redemptions yesterday, marking a four-day streak of withdrawals, while its Ethereum ETF saw nearly $80 million in redemptions, according to Farside Investors.
